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Alibaba Shares Climb on Qwen AI Partnership with Apple Intelligence in China
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The article discusses a partnership between Alibaba and Apple regarding AI in China, which has no material impact on the business operations of Major Cineplex Group.
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Alibaba’s U.S.-listed stock climbed more than 5% in pre-market trade following news that its Qianwen artificial intelligence platform will form part of Apple’s upcoming Apple Intelligence suite, marking a major step for the company in the Chinese market.
The development drove investor optimism due to the strategic collaboration between the tech giants and positive regulatory signals from Chinese authorities.
China’s cyberspace regulator recently confirmed that Apple’s on-device generative AI service has received approval for usage on iPhones domestically. According to sources, Apple Intelligence will utilize AI models from both Alibaba and Baidu, expanding its range of local partners in China.
According to Reuters, Alibaba stated that users in China will see Qianwen capabilities embedded within Apple Intelligence experiences across Apple’s software ecosystem, including iOS, iPadOS, macOS, and visionOS.
This partnership follows regulatory registration and approval, enabling broader adoption of generative AI services for Apple device users in China.